In a recent SEC filing, Pat Dorsey's firm, Dorsey Asset Management, revealed a significant increase in its S&P Global (SPGI) position. The disclosure, which reflects holdings as of June 30, 2026, showed a 42% increase in shares to a total of 316,411. This brought the reported market value of the stake to approximately $128.86 million. As a 13F filing, this report details trades made in the prior quarter and does not represent current-day activity.
While Dorsey has not commented publicly on this specific trade, the move aligns with his well-documented investment philosophy of focusing on companies with strong "economic moats." S&P Global, with its dominant position in credit ratings, financial data, and benchmark indices like the S&P 500, exhibits the durable competitive advantages that Dorsey typically seeks. The increased investment makes S&P Global a high-conviction holding, representing over 8% of the firm's reported portfolio.